On january 31 of this year jennifer pays 700for an option

Reference no: EM13578919

On January 31 of this year, Jennifer pays $700for an option to aquire100 sharesof lifetime corporation common stock for $70 per share. Jennifer exercises the option on June 2. Jennifer sells the stock on April 30 of the next yearfor $10,000. Jennifer's basis for the stock immediately before the sale is?

Reference no: EM13578919

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On january 31 of this year jennifer pays 700for an option : on january 31 of this year jennifer pays 700for an option to aquire100 sharesof lifetime corporation common stock for

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